Virgin Blue Holdings blamed the tough operating environment, one-off charges and nonrecurring costs for a A$160 million ($133.2 million) loss in the fiscal year ended June 30, the company's worst-ever result and a reversal from the A$97.7 million surplus reported the prior year. The loss occurred despite a 12.8% lift in revenue to A$2.63 billion. Last month, Blue announced a A$231 million capital raising and said it expected a full-year loss of approximately A$165 million (ATWOnline, July ...

Subscribe to Access this Entire Article

"Virgin Blue plunges to A$160 million full-year loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.